XTX Topco Ltd Has $237,000 Position in Shoals Technologies Group, Inc. (NASDAQ:SHLS)

XTX Topco Ltd cut its holdings in Shoals Technologies Group, Inc. (NASDAQ:SHLS) by 68.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,929 shares of the company’s stock after selling 92,175 shares during the quarter. XTX Topco Ltd’s holdings in Shoals Technologies Group were worth $237,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Shoals Technologies Group by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 17,163,583 shares of the company’s stock valued at $94,915,000 after buying an additional 576,736 shares during the period. Wellington Management Group LLP boosted its stake in Shoals Technologies Group by 8.6% in the 4th quarter. Wellington Management Group LLP now owns 14,233,342 shares of the company’s stock worth $78,710,000 after purchasing an additional 1,125,938 shares during the period. Invesco Ltd. increased its holdings in Shoals Technologies Group by 20.7% during the 4th quarter. Invesco Ltd. now owns 6,415,911 shares of the company’s stock worth $35,480,000 after purchasing an additional 1,098,577 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Shoals Technologies Group by 16.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,748,673 shares of the company’s stock valued at $24,836,000 after purchasing an additional 658,617 shares during the period. Finally, Erste Asset Management GmbH lifted its holdings in shares of Shoals Technologies Group by 3.7% in the fourth quarter. Erste Asset Management GmbH now owns 3,593,806 shares of the company’s stock valued at $20,269,000 after purchasing an additional 128,664 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays dropped their target price on Shoals Technologies Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group cut their price objective on shares of Shoals Technologies Group from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Shoals Technologies Group from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Oppenheimer cut their price target on shares of Shoals Technologies Group from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. Finally, Wolfe Research started coverage on Shoals Technologies Group in a report on Tuesday, February 18th. They issued a “peer perform” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.87.

Shoals Technologies Group Price Performance

Shoals Technologies Group stock opened at $3.64 on Friday. The company has a market capitalization of $607.86 million, a price-to-earnings ratio of 18.20, a PEG ratio of 0.52 and a beta of 1.54. The stock’s 50 day moving average is $3.39 and its 200-day moving average is $4.44. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. Shoals Technologies Group, Inc. has a 12 month low of $2.71 and a 12 month high of $9.17.

Shoals Technologies Group (NASDAQ:SHLS) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $107.00 million for the quarter, compared to the consensus estimate of $102.16 million. Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. Equities research analysts expect that Shoals Technologies Group, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at Shoals Technologies Group

In other news, CEO Brandon Moss sold 21,700 shares of Shoals Technologies Group stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3.07, for a total value of $66,619.00. Following the completion of the sale, the chief executive officer now directly owns 1,051,303 shares in the company, valued at approximately $3,227,500.21. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 40,575 shares of company stock valued at $123,957 in the last quarter. Company insiders own 1.67% of the company’s stock.

Shoals Technologies Group Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.